Convert Convertible JPY Token CJPY to Akash Network AKT
CJPY to AKT: 1 Convertible JPY Token converts to 0.007129 AKT
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About CJPY and AKT
Convertible JPY Token is climbing, while Akash Network is falling this week. The current CJPY to AKT conversion rate is 0.007129. Inversely, this means that if you convert 1 AKT you will get 140.28 CJPY. The conversion rate of CJPY/AKT has increased by 0.07% in the last hour (AKT/CJPY decreased by 0.07%). In the last 24 hours, CJPY/AKT grew by 1.15%, while AKT/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.007129 AKT. In other words, to buy 5 Convertible JPY Token, it would cost you 0.035643 AKT. Inversely, 1 AKT would allow you to trade for 140.28 CJPY while 50 AKT would convert to 7,014.04 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 14.7%. Meanwhile, in the last 24 hours, the rate has changed by 0.76%, which means that the highest exchange rate of 1 CJPY to AKT was 0.007455 AKT and the lowest 24 hour value was 1 CJPY for 0.006864 AKT. Last month, 1 CJPY was worth 0.006401 AKT. Today, it's up 10.21%. Looking back a year, Convertible JPY Token has changed by 0.004932 AKT. That means that in a single year, the value of Convertible JPY Token has grown by 30.82%.
Convertible JPY Token Market Stats
What is the project about? CJPY represents a collateral debt position issued on Yamato Protocol, a decentralized and non-custodial platform on Ethereum developed by DeFiGeek Community Japan. CJPY serves as an ETH overcollateralized stablecoin designed to maintain a peg to the Japanese Yen. In the future, the Yamato protocol will expand to encompass various tokens as collateral, and a diverse range of fiat stablecoins will be introduced, initially including USD and EUR pegs. What makes your project unique? Yamato Protocol distinguishes itself through 5 attributes as a decentralized and non-custodial crypto overcollateralized stablecoin: 1. High Collateral Factor: The protocol permits a minimum health rate of 130%, ensuring efficient use of collateral. 2. Absence of Accrued Interest: Users are subject solely to a one-time issuance fee upon generating CJPY. 3. Non-Forced Liquidation: No penalty for liquidation. Debt positions with health rates below 130% can be redeemed by any users via CJPY acquired from the market. 4. Redemption by protocol: Accrued CJPY fees on protocol can be used to redeem debt position under threshold. 5. Subrogation Mechanism: The protocol employs the accumulated CJPY fees to subrogate debt positions falling below the 100% health rate threshold. History of your project. January 2021: The DeFiGeek Community Japan embarked on the development of Yamato Protocol, a decentralized and non-custodial crypto overcollateralized stablecoin pegged to JPY. The community has functioned with an inclusive approach, welcoming all developers and contributors who are eager to take part in the enhancement of DeFi applications and tools that drive the advancement of Web3 technology. Milestones of Yamato Protocol: November 2021: The alpha testing phase commenced on the Rinkeby testnet. January 2022: The beta testing phase debuted on the Rinkeby testnet. May 2022: The second beta testing phase transpired on the Rinkeby testnet. June 2023: Successful completion of the initial audit. July 2023: Launch of version 1 on the Ethereum mainnet. What’s next for your project? At present, Yamato Protocol stands at version 1.0 without a utility token. Anticipated milestones include: Version 1.5 (2023): Introduction of the DAO utility token and the implementation of ve(vote-escrowed) governance. Version 2.0 (Late 2023): Enabling issuance of additional stablecoins like CEUR (convertible EUR) and CUSD (convertible USD). What can your token be used for? CJPY represents a decentralized JPY-pegged token on the Ethereum blockchain, offering versatility to users and other protocols. Its anticipated adoption spans various DeFi Dapps, encompassing DEX and lending protocols. Given its decentralized and non-custodial nature, CJPY holds the potential for widespread adoption as a payment medium within the Japanese crypto business ecosystem.
Akash Network Market Stats
Akash is a blockchain network that supports a decentralized compute marketplace. Akash allows users to lease computing resources from the network’s providers. AKT is the network’s utility token and can be used to secure the network through staking. AKT can also be used to participate in network governance. AKT tokens can be used to vote on proposals related to the network’s development and grant allocations.
Conversion tables
CJPY to AKT values from Today at 3:35 am
0.5 CJPY = 0.003564 AKT |
1 CJPY = 0.007129 AKT |
5 CJPY = 0.03564 AKT |
10 CJPY = 0.07129 AKT |
50 CJPY = 0.3564 AKT |
100 CJPY = 0.7129 AKT |
500 CJPY = 3.56 AKT |
1,000 CJPY = 7.13 AKT |
AKT to CJPY values from Today at 3:37 am
0.5 AKT = 70.14 CJPY |
1 AKT = 140.28 CJPY |
5 AKT = 701.40 CJPY |
10 AKT = 1,402.81 CJPY |
50 AKT = 7,014.04 CJPY |
100 AKT = 14,028.09 CJPY |
500 AKT = 70,140.45 CJPY |
1,000 AKT = 140,280.90 CJPY |
CJPY to AKT over time
CJPY | Today | 24H 0.76% | 1M 10.21% | 1Y 30.82% |
|---|---|---|---|---|
0.5 CJPY | 0.003564 AKT | 0.003537 AKT | 0.0032 AKT | 0.002466 AKT |
1 CJPY | 0.007129 AKT | 0.007075 AKT | 0.006401 AKT | 0.004932 AKT |
5 CJPY | 0.03564 AKT | 0.03537 AKT | 0.032 AKT | 0.02466 AKT |
10 CJPY | 0.07129 AKT | 0.07075 AKT | 0.06401 AKT | 0.04932 AKT |
50 CJPY | 0.3564 AKT | 0.3537 AKT | 0.32 AKT | 0.2466 AKT |
100 CJPY | 0.7129 AKT | 0.7075 AKT | 0.6401 AKT | 0.4932 AKT |
500 CJPY | 3.56 AKT | 3.54 AKT | 3.20 AKT | 2.47 AKT |
1,000 CJPY | 7.13 AKT | 7.07 AKT | 6.40 AKT | 4.93 AKT |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.004188.
Based on the current rate, you could get 238.78 CJPY for 1 USD.
Convertible JPY Token price has been declining. Since yesterday, the exchange rate of Convertible JPY Token has decreased. Since last month, the exchange rate of Convertible JPY Token has decreased. Since this time last year, the price of Convertible JPY Token has decreased.
You can use our CJPY to USD calculator at the top of this page to convert any amount of CJPY to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 1,193.88 CJPY. Inversely, 5 CJPY will cost about $0.02094
Convertible JPY Token can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Convertible JPY Token.
There are a number of crypto assets that have the a similar or comparable market cap to Convertible JPY Token, including Gym Network, just memecoin, and Mavryk Network. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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